Africa's Pulse, No. 14, October 2016

Africa's Pulse, No. 14, October 2016

After slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in over two decades. Low commodity prices and tight financial conditions, exacerbated by domestic headwinds from...

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Bibliographic Details
Main Author: World Bank Group
Format: Serial
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
economic growth
macroeconomic policy
public sector management
agricultural productivity
poverty reduction
fertilizer subsidies
political economy
Online Access:http://documents.worldbank.org/curated/en/2016/09/26822907/
http://hdl.handle.net/10986/25097
id okr-10986-25097
recordtype oai_dc
spelling okr-10986-250972021-06-14T10:14:05Z Africa's Pulse, No. 14, October 2016 World Bank Group economic growth macroeconomic policy public sector management agricultural productivity poverty reduction fertilizer subsidies political economy After slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in over two decades. Low commodity prices and tight financial conditions, exacerbated by domestic headwinds from policy uncertainty, droughts, and political and security concerns, continued to weigh on activity across the region. The overall slowdown in Sub-Saharan Africa's growth reflects economic deterioration in the region's largest economies. Economic performance was notably weak across oil exporters. At the same time, in about a quarter of the countries, economic growth is showing signs of resilience. Indeed, the pattern of growth across countries is far from homogeneous, suggesting that Sub- Saharan Africa is growing at diverging speeds. While many countries are registering a sharp slippage in economic growth, some countries—Ethiopia, Rwanda, and Tanzania—are continuing to post annual average growth rates of over 6 percent, exceeding the top tercile of the regional distribution; and several other countries—including Côte d'Ivoire and Senegal—have moved into the top tercile of performers. The "established" and "improved" performers tend to have stronger quality of monetary and fiscal policies, better business regulatory environment, more diverse structure of exports, and more effective public institutions. 2016-09-28T21:29:24Z 2016-09-28T21:29:24Z 2016-09-28 Serial http://documents.worldbank.org/curated/en/2016/09/26822907/ http://hdl.handle.net/10986/25097 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Brief Africa Sub-Saharan Africa
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic economic growth
macroeconomic policy
public sector management
agricultural productivity
poverty reduction
fertilizer subsidies
political economy
spellingShingle economic growth
macroeconomic policy
public sector management
agricultural productivity
poverty reduction
fertilizer subsidies
political economy
World Bank Group
Africa's Pulse, No. 14, October 2016
geographic_facet Africa
Sub-Saharan Africa
description After slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016, the lowest level in over two decades. Low commodity prices and tight financial conditions, exacerbated by domestic headwinds from policy uncertainty, droughts, and political and security concerns, continued to weigh on activity across the region. The overall slowdown in Sub-Saharan Africa's growth reflects economic deterioration in the region's largest economies. Economic performance was notably weak across oil exporters. At the same time, in about a quarter of the countries, economic growth is showing signs of resilience. Indeed, the pattern of growth across countries is far from homogeneous, suggesting that Sub- Saharan Africa is growing at diverging speeds. While many countries are registering a sharp slippage in economic growth, some countries—Ethiopia, Rwanda, and Tanzania—are continuing to post annual average growth rates of over 6 percent, exceeding the top tercile of the regional distribution; and several other countries—including Côte d'Ivoire and Senegal—have moved into the top tercile of performers. The "established" and "improved" performers tend to have stronger quality of monetary and fiscal policies, better business regulatory environment, more diverse structure of exports, and more effective public institutions.
format Serial
author World Bank Group
author_facet World Bank Group
author_sort World Bank Group
title Africa's Pulse, No. 14, October 2016
title_short Africa's Pulse, No. 14, October 2016
title_full Africa's Pulse, No. 14, October 2016
title_fullStr Africa's Pulse, No. 14, October 2016
title_full_unstemmed Africa's Pulse, No. 14, October 2016
title_sort africa's pulse, no. 14, october 2016
publisher World Bank, Washington, DC
publishDate 2016
url http://documents.worldbank.org/curated/en/2016/09/26822907/
http://hdl.handle.net/10986/25097
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